black oak casino new years eve 2020Some traders are flirting with trouble with short positions in gaming stocks.Count Churchill Downs (NASDAQ:CHDN) and DraftKings (NASDAQ:DKNG) among the gaming stocks making life uncomfortable for short sellers.d also open as soon as this weekend.viejas casino fireworks 2021Making matters potentially dangerous for ERI bears is that they need to unwind a lot of supply in the event of another rally.Short sellers have lately begun trimming their exposure in the sector, after having shorted the sector heavily during the stay-at-home policies brought about by the Covid-19 pandemic,” said S3 Partners Managing Director Ihor Dusaniwsky in a note obtained by Casino.That was a great trade for the bears that rode the stock down from or the high s to the March low of .riverwind casino norman ok concerts

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resorts casino long island10 billion of net short selling in the sector from March to May, with 0 million of new short selling executed over the last month.Making matters potentially dangerous for ERI bears is that they need to unwind a lot of supply in the event of another rally.Regardless of industry, heavily shorted stocks can rapidly change directions, forcing traders holding bearish bets to cover those positions, which only fans bullish flames.oxford casino maine gift card10 billion of net short selling in the sector from March to May, with 0 million of new short selling executed over the last month.Bearish traders are seeing profits eaten away with Penn, too, as the stock is up 733 percent from its March lows.”Other companies with sports betting exposure, including Churchill Downs and Boyd Gaming, are experiencing short covering, though the catalyst with Boyd may be more about the company’s Louisiana and Mississippi venues reopening last month, and nine of its 12 Las Vegas properties slated to do so on Thursday.the golden nugget casino in atlantic city

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lake tahoe casino wedding packages(Image: KXNT Radio)In a note to clients Tuesday, Nomura Instinet analyst Harry Curtis reiterated a “buy” rating on the Orleans operator, while boosting his price target on the stock to from .As a percentage of float sold short, ERI resides north of 39 percent, according to S3 data.(Image: Reuters)With shelter-in-place policies and casino shutdowns the orders of the day starting in March, shorting gaming equities became one of 2020’s easiest and most profitable trades…until it wasn’t.In dollar terms, that’s nearly 0 billion.That was a great trade for the bears that rode the stock down from or the high s to the March low of .With stay-at- home directives now largely lifted, a slew of regional casinos open, and Nevada gaming properties joining the fun on June 4, being bearish on gaming stocks carries immense near-term risk.golden nugget casino winners